LeEco
Beleaguered electric vehicle firm Faraday Future gets $2B investment boost
There’s a rare moment of cheer for floundering electric car maker Faraday Future after it landed a new investor and a fresh commitment of capital. Evergrande Health, a division of Hong Kong-list
Leshi Internet says it must repay $890 million in debts by the end of 2018
Leshi Internet, one of China’s largest video-streaming services, disclosed that it must pay back 5.62 billion RMB (about $890 million) by the end of this year. Leshi Internet’s (also known as Le.c
HQ Trivia Is Coming to Android | Crunch Report
HQ Trivia is coming to Android, Amazon Echo is the No. 1 best seller on the site and the founder of LeEco is ordered to return to China. All this on Crunch Report.
Debt-laden tech firm LeEco’s founder ordered to return to China by securities commission
The founder of beleaguered tech conglomerate LeEco is facing yet another huge headache. Jia Yueting has been ordered by the China Securities Regulatory Commission’s Beijing branch to return to the c
LeEco’s Silicon Valley offices are a virtual ghost town
Last April, LeEco heralded the opening of a new Silicon Valley office in San Jose. The new building would be the home of the company’s US operations, with enough space to house up to 800 workers. Th
Crunch Report | Hyperloop One Tests Full-Scale Version
Hyperloop One tests a full-scale version, Vizio is suing LeEco for breach of contract, MIT envisions 3D without the glasses and Microsoft has a plan to challenge DeepMind. All this on Crunch Report.
Vizio files $100M lawsuit against LeEco
Last summer LeEco announced it intended to purchase the U.S.-based TV maker Vizio for $2 billion. The deal fell through in March amid myriad problems surrounding LeEco, including a major cash crunch
LeEco delays payroll until August due to ‘financial constraints’
Some LeEco employees in China will not get paid until August. According to an official statement provided to TechCrunch, Leshi Holdings, LeEco’s holding company has decided to postpone July̵
Faraday Future is one step closer to the deadpool
Faraday Future might as well pack it up and call it a day. The company has reportedly abandoned plans to build a massive factory in the Nevada desert. This facility was going to cost $1 billion to bui
Even a $2.2 billion investment couldn’t solve LeEco’s money problems
LeEco wanted too much too fast, and its overzealousness caught up with it almost immediately. Chairman Jia “YT” Yueting has long acknowledged the company’s cash problems in the wake of its rapid
How not to launch a company in the US — lessons learned from LeEco
After a months-long parade of endless red flags, LeEco’s Stateside woes finally came to a head this week. The company announced that it would be laying off 325 employees in the U.S. alone. And judgi
LeEco to lay off 325 people in US, focus on Chinese-speaking American households
It’s hard to know where to begin with this mess. It’s only been seven months since LeEco launched in the U.S. with one of the most bizarre press conferences in recent memory, right down to the sup
LeEco founder Jia Yueting resigns as CEO of its publicly listed unit Leshi
Chinese tech conglomerate LeEco is reshuffling the executive roster of its publicly traded unit, Leshi Internet Information and Technology Corp., as it continues to struggles with cash flow issues and
LeEco pulls the plug on its EcoPass video service as stories of US struggles mount
LeEco’s coming to America tale has been fraught with one bad piece of press after another. The company added to the laundry list this week by announcing that it formally pulled the plug on its EcoPa
Uber isn’t welcome in Italy anymore | Crunch Report
Netflix reaches 75% of U.S. streaming viewers, LeEco scraps its plan to acquire Vizio, Uber isn't welcome in Italy anymore and Cadillac is launching an autonomous driving system. All this on Crunch Re
LeEco will not acquire TV maker Vizio as planned
Chinese electronics giant LeEco will not acquire U.S.-based TV maker Vizio as announced, the two companies said today. The deal has been hitting roadblocks according to recent reports, and now it̵
LeEco’s $2 billion acquisition of Vizio has reportedly ‘stalled’
There are more problems for ambitious Chinese tech firm LeEco. Its acquisition of U.S.-based TV maker Vizio, a surprise deal announced last summer, has run into issues, according to media reports in C
LeEco said to be trying to sell its Silicon Valley property amid cash woes
According to a new report from Reuters, LeEco is said to be seeking a buyer for the 49-acre swath in Silicon Valley set for the site of its future US headquarters. The Chinese electronics polymath hig
LeEco slashes India headcount but denies it will exit the country
Ambitious Chinese tech firm LeEco is downsizing its presence in India less than six months after founder Jia Yueting warned that the growth of some parts of its business had become unsustainable. The
LeEco says its acquisition of Vizio remains on track despite FTC charge
Earlier this week smart TV maker Vizio settled an FTC charge for nefariously collecting data from its customers, but that isn’t deterring China’s LeEco from completing a $2 billion acquisi